BP shares hit 6-month high after Shell bid report
Shares in oil major BP hit a six-month high on Tuesday after reports rival Royal Dutch Shell considered a takeover bid, and that economic damages from its oil spill will be lower than forecast.
House Republicans wield the power of committees
To the victor go the spoils. The GOP retook the House of Representatives in the November elections and, on Wednesday, they will officially take control, with each House member – all 242 Republicans and 193 Democrats -- taking the oath of office and Rep. John Boehner, R-OH, being sworn in as Speaker.
Wall Street leaps in first session of 2011
Wall Street stocks surged more than 1 percent as the new trading year kicked off on Monday and the rally of late 2010 resumed on encouraging signs about the economic outlook and a seasonal effect.
World leaders promise better economy, more jobs in 2011
Hope, despair, promises and more promises. World leaders have spelled out their intent, or say an 'action plan' for the coming year. Note them all, some merely possible, some probably intricate others perhaps a bunch of lies.
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Events that shaped the US in the past decade (2000-2010) – Part 2 of 3
A sum up of top events that shaped United States in past decade (2000-2010). Part 2 covers 2004 to 2008 on weapons of mass destruction, Iraq, Bush second term, Hurricane Katrina, Housing bubble burst, and Barack Obama as the first Black president.
Events that shaped the US in the past decade (2000-2010) – Part 3 of 3
A sum up of top events that shaped US in past decade (2000-2010). Part 3 covers 2009 & 2010 on Michael Jackson’s death, US economy and jobs, Obama closing Guantanamo Bay detention, troops in Afghan, Tea Party, Sarah Palin and Nobel Peace Prize.
U.S. raises concerns about Russia's legal environment
Top U.S. officials raised broad and specific concerns about Russia's legal environment after the conviction on Monday of one-time oil magnate Mikhail Khodorkovsky and his associate Platon Lebedev.
GM shares up after high marks from Wall Street
General Motors Co shares rose as much as 3.1 percent and closed 2.1 percent higher on Tuesday after banks resumed coverage of the automaker with high marks for its strong post-bailout balance sheet and its position in emerging markets.
In Cuba, holiday cheer from Uncle Sam
Cubans who receive money from the United State are getting a cash bonus this holiday season from an Obama administration decision that should also cut the flow of underground cash between the two countries.
Political, religious leaders among most admired men in U.S.
Political and religious leaders dominate the list of men who are most admired in the U.S., according to a random phone survey of more than 1,000 U.S. residents.
U.S. consumer confidence slips as home prices decline
U.S. consumer confidence unexpectedly deteriorated in December, while prices of U.S. single-family homes fell almost double the expected pace in October, tempering growing optimism on the economy's recovery.
Kids tracking Santa get Michelle Obama surprise
Eight-year-old Juliana-Rose Hatcher had tracked Santa Claus all of Friday with the aid of NORAD's Santa hotline, before she got some unexpected help from Michelle Obama.
Obama promises kept and not
As the first two years of President Barack Obama's tenure wind down, the President has made a big push to accomplish some of his goals. While he has kept many of his promises, he has not kept others. Some of those are stalled, others in the works.
Data reinforce solid fourth-quarter growth hopes
Demand for a range of long-lasting U.S. manufactured goods surged in November and consumer spending rose for a fifth straight month, cementing views of a solid economic growth pace in the fourth quarter.
Apple Shares Hit Life-Time High, What Next?
Shares of iPhone maker Apple Inc. (AAPL) reached an all-time high of $325.72 on Wednesday's regular trading session.
This has been a season of progress for the American people: Obama
US president Barack Obama welcomed the US Senate's ratification of the new strategic arms reduction treaty between the country and its former cold-war rival Russia. The President maintained that Wednesday's vote proves that Washington is not headed for 'more partisanship and more gridlock'.
Obama to push for Dream Act again in 2011
President Barack Obama said on Wednesday that he will work to change the politics of the immigration debate on children of illegal immigrants in 2011 by engaging Republicans and making his case to the American people to pass the DREAM Act.
Obama admn. faces resistance from states in Florida over new healthcare law
Lawyers for 20 U.S. states and Obama administration sparred in a Florida court over the constitutional challenges of the new healthcare law that requires all Americans to have medical insurance before 2014 or face a fine.
DADT repeal to take effect in months: Obama
President Barack Obama said on Wednesday that implementation of a repeal of the Don't Ask, Don't Tell policy would be a matter of months.
Obama repeals military gay ban
Backdropped by the U.S. flag, and the flags of each military branch, President Barack Obama signed the repeal of the Don't Ask, Don't Tell into law on Wednesday.
US Senate to vote on START, Russia optimistic of ratification
The US Senate is due to vote on the new strategic arms reduction treaty between the country and its former cold-war rival Russia on Wednesday. The House on Tuesday voted to close out the debate 67 votes to 28, after the Democrats were joined by 11 Republicans.
India's Nasscom sees IT-BPO industry to touch $70 bln in current fiscal
National Association of Software and Service Companies (Nasscom) expects India’s IT-BPO industry to reach $70 billion mark by the end of the current fiscal following rise in demand for software technology products.
BOJ holds fire, Shirakawa may assure on bond yields
The Bank of Japan kept monetary policy on hold on Tuesday but warned of weakening factory output and business sentiment, assuring markets that it was focusing on downside risks to growth that may trigger further easing ahead.
What is a 'secret session' in the Senate?
Members of the U.S. Congress are convening on Monday in rare secret meeting closed to the public and media to deliberate on the START nuclear treaty presented to them by President Barack Obama.
U.S. expects foreclosure probe results next month
An Obama administration task force examining allegations of fraud in the mortgage foreclosure process will deliver its findings next month, two top officials said on Monday.
Start Treaty Senate debate continues in secret meeting
U.S. Senate debate on the START nuclear treaty with Russia will restart Monday afternoon in a secret meeting behind closed doors after opening statements on the chamber's floor this morning.
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